Do you remember the misery index (inflation + unemployment)? It reached 21.98% in June 1980, the 4th year of Carter's presidency. By December 1986, Reagan's policies had spurred the economy so much that it came down to 7.7%
Yes, Carter was an economic nightmare. It took Reagan a LONG time to correct the economy. I remember our first mortgage was at 14.25%, floating interest rate because you couldn’t get a fixed interest mortgage at that point because inflation was so bad.